Past positions: At DSP Merrill Lynch since 1997 but for the period December 2005 till May 2006 when he was CIO, HSBC AMC.
Investment mantra: Uses mix of analysis of broad macro trends that contribute to economic growth and variables affecting corporate performance. Focus on return on capital and earnings growth.
Best calls: Selecting Pantaloon, Matrix and Voltas at the right time.
Worst calls: Not picking HDFC early enough (2000-2003)
Top picks right now: Media and capital goods. From a near-term perspective, non-ferrous metals.
Advice to small investors: Clearly decide on your asset allocation and the equity component within that.To build your equity portfolio, carefully choose a basket of stocks and allow them time to deliver returns.Alternatively, look to invest through a few good equity funds.
Worst mistake small investors make: Focusing on short-term price movements and allowing sentiment to influence investment decisions.
The one thing they must never forget: Diversify your risk, invest with an objective and give your investments time to bear fruit.
Anup Maheshwari, Senior Vice-President, Head (Equities & Corporate Strategy), DSP Merrill Lynch
